The 1960s were when the SEC was created and began creating formal financial accounting principles.
A) The 1800s
B) World War I
C) The Great Depression
D) World War II

Question

Quizplus · Accepted Answer

The SEC, or the Securities and Exchange Commission, was created in response to the stock market crash of 1929 and the subsequent Great Depression. It was during this time that the SEC began developing formal financial accounting principles to regulate and protect the stock market and its investors. The 1800s, World War I, and World War II are not relevant to the creation of the SEC and the development of financial accounting principles.

The 1960s Were When the SEC Was Created and Began